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Musk reportedly asked Trump to reconsider tariffs
Free Malaysia Today
Follow
4/8/2025
Tesla CEO Elon Musk saw US$30.9 billion in net worth wiped out after US president Donald Trump’s tariff announcement last week.
Read More:
https://www.freemalaysiatoday.com/category/highlight/2025/04/08/musk-reportedly-asked-trump-to-reconsider-tariffs/
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#FMTNews #ElonMusk #DonaldTrump #TariffImport
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00:00
Tech billionaire Elon Musk reportedly asked U.S. President Donald Trump to reconsider
00:06
his tariffs on imports from several countries.
00:09
Citing two sources, The Washington Post reported that Musk approached the president over the
00:13
weekend when he unleashed a stream of messages on social media criticizing White House trade
00:18
adviser Peter Navarro for Trump's aggressive tariff plan, which has caused havoc across
00:23
global markets.
00:26
CNBC reported that Trump's tariff announcement last week wiped out $2.5 trillion from the
00:31
U.S. stock market, costing Tesla CEO Musk $30.9 billion in net worth.
00:36
Musk, the world's richest person, is a key Trump adviser and heads the Department of
00:41
Government Efficiency, which is working to cut government funding and reshape the federal
00:45
bureaucracy.
00:47
Meanwhile, Navarro accused Musk of prioritizing Tesla's profits over national policy, noting
00:53
that the company's supply chain depends on countries such as China, Mexico, and Japan.
00:59
A 10 percent baseline tariff on imports from around the world took effect last Saturday.
01:03
However, several countries will be hit by higher duties from tomorrow, with levies of
01:08
34 percent for Chinese goods and 20 percent for EU products.
01:12
Narmada Raja, FMT.
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